Energy and Power Distribution Boards MarketThe global distribution | Page 2

Despite increasing urbanization across the globe, households in several countries still lack
electricity access and face frequent power outages. Governments ensure that most households have
access to electricity by upgrading the existing power distribution infrastructure and setting up new
substations to meet the growing electricity demand. These factors are expected to drive the market
for distribution panels.
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The distribution boards market is primarily driven by the growing need to protect electrical
networks and components, increasing transmission & distribution activities, power generation
capacity additions, growth in the manufacturing and process industries, and rising commercial
and residential construction activities.
Asia-Pacific is estimated to be the fastest-growing market for power distribution boards, followed
by the Middle East & Africa and North America. This growth can be attributed to increased
investments in the T&D infrastructure, construction and infrastructural activities, and the
electrification network in the recent past. China accounted for the largest share in the Asia -Pacific
region in 2015 and is projected to grow at the highest CAGR from 2016 to 2021.
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The transmission & distribution segment of the distribution boards market (by end -user) is
expected to register the highest CAGR from 2016 to 2021, making it the most attractive market in
the current scenario. This growth can be attributed to the increasing upgradation of transmission
& distribution networks. A number of smart grid and substation automation projects are being
undertaken across the globe, especially in the North American and European regions. This is
expected to further drive the demand for distribution panels.
Asia-Pacific is estimated to be the fastest-growing market for power distribution boards, followed
by the Middle East & Africa and North America. This growth can be attributed to increased
investments in the T&D infrastructure, construction and infrastructural activities, and the
electrification network in the recent past. China accounted for the largest share in the Asia-Pacific
region in 2015, and is projected to grow at the highest CAGR from 2016 to 2021.
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